HomeMy WebLinkAboutCity Council Resolution 1988-6400 CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota, was held on the 3rd day of October,
1988 The following members were present: Mayor Schneider, Councilmembers
Va�iou, Ricker, Zitur and Sisk
The following members were absent: None
founcilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION 88-640
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR VANTAGE COMPANY (85047)
WHEREAS, a Site Plan for Vantage Company locate 2405 Xenium Lane was approved under
City Council Resolution No. 85-489; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form
of a Bond ill the amount of $55,550; and,
WHEREAS, the City Council under Resolution 88-486 authorized the reduction to
$10,000; and,
WHEREAS, upon notice from the developer, City staff has inspected said site and
recommends release of the financial guarantee;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that it should and hereby does authorize release of the Site Performance
Bond No. 102624 in the amount of $10,000 which was submitted to guarantee site
improvements for Vantage Company located at 2405 Xenium Lane.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Cntlnrilmemhern Vaaij,jn..�
[ticker. Zitur and Sink The
following voted against or abstained None Whereupon
the Resolution was declared duly passed and adopted